| POLICY WATCH |
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Centre to notify new safety norms for oil exploration
Union Petroleum and Natural Gas Ministry is on course to notify the Petroleum and Natural Gas (safety in offshore operations) Rules, 2008, to regulate safety in offshore oil and gas exploration, to enhance safety levels. [More]
Tighter disclosure norms to check corporate frauds
The Ministry of Corporate Affairs is likely to introduce stricter standards of disclosure and transparency for entrepreneurs seeking incorporation. [More]
Fuel-efficiency norms coming for 4-wheelers
The Indian Government is planning to issue new, voluntary fuel-efficiency norms for four-wheeler passenger vehicles that will be made mandatory and more stringent starting 2010. [More]
US to help India on drug regulation
India's drug regulator DGCI, is collaborating with its US counterpart FDA, to improve its functioning in several areas including monitoring drugs for adverse reactions, regulating medical equipment and devices and increasing its international reach. [More]
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| PEOPLE |
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Chair planned in Balachandran's name at Kellogg
Colleagues of Prof. Bala V. Balachandran, Professor of Accounting, Information and Management, J. L. Kellogg School of Management, are campaigning to raise US$ 1 million for an endowed professorship at the prestigious management school in his name. [More]
Indian students bag 2nd prize in NASA competition
Two Indian students have won the second place for their 'Design of Transport Aircraft for the Future' sponsored by American space agency, NASA. [More]
In love with all things Indian
Nishita Shah of Indian origin, has created a place for herself amongst the high and mighty of Thai business, by becoming the youngest entrant on the Forbes list of Thailand's 40 richest people. [More]
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| ECONOMY AND ENTERPRISE |
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VC firms invest US$ 158 million in April-June 2008
Venture Capital (VC) firms invested US$ 158 million in over 26 deals in India in April-June 2008, according to a Venture Intelligence study. In the first six months of 2008, 51 investments worth US$ 340 million were completed. [More]
Auto sector riding high on M&A, PE deals
The merger and acquisition (M&A) deals struck by India's domestic automobile companies, during January-June 2008, stood at a combined value of US$ 2,390 million as compared to deals worth US$ 515.51 million in the same period last year, according to a Grant Thornton report. [More]
Indian mobile VAS market to hit US$ 2 billion in 2008: PwC
India's mobile value-added services (VAS) market is all set to grow to US$ 2 billion in 2008, accounting for 18 per cent of operators' revenue by 2010, according to a report by PricewaterhouseCoopers (PWC). [More]
2007-08 foodgrain output estimate raised again
The Centre has upped its estimates of foodgrain production during 2007-08 at a record 230.67 million tonnes (mt), against the earlier 'third' and 'second' advance estimates of 227.32 mt and 219.32 mt, respectively. [More]
'IT spend in India to touch US$ 35 biilion by 2011'
The total IT spend by Indian companies is estimated to reach US$ 35 billion by 2011 and the spend on IT services will be to the tune of US$ 8.1 billion by 2011, according to Springboard Research. [More]
Biotech sector posts 20 per cent growth
India's biotechnology sector posted US$ 2.56 billion in revenue during 2007-08, registering 20 per cent growth over the previous fiscal at US$ 2.1 billion, according to a Biospectrum survey. [More]
Insurance cos invest Rs 15,000 cr in equities in Q1
Domestic insurance companies in India are estimated to have pumped in at least US$ 3.47 billion, four times what was invested a year ago. [More]
India is witnessing retail boom
India's high economic growth has led to a rise in prosperity and disposable incomes of the middle class, leading to the country witnessing a retail boom, according to a Jones Lang LaSalle Megharaj survey.[More]
RIL tops, Tata steel debuts on Fortune 500
Mukesh Ambani-led Reliance Industries has emerged as the top Indian private company on the latest Fortune 500 Global list, where the country's presence has grown to seven firms with a debut by Tata Steel. [More]
Reliance Retail set to start 50-60 'i stores'
Mukesh Ambani promoted Reliance Retail plans to open 50-60 'i stores' across the country within the next one-and-half years and 150 Reliance Digital stores by 2011-12. [More]
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Mobile marketing now takes a bite of bluetooth
India is witnessing a new dawn with not only mobile banking but also bluecasting that is fast emerging as the next big wisdom for mobile marketers and admen alike. Malls, retail chains, manufacturers of apparel, consumer durables and banks, are all making full use of this proximity marketing. [More]
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We have concrete business plans for Indian market and and within next 5 years, India will be a strong contributors to Renault's global business.
Sylvain Bilaine
Managing Director
Renault India |
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For the first time, environment as a brand strategy has evolved in the Indian consumer electronics industry. Mobiles, apart from other electronic goods, are going green too. [More]
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Indian firms make killing out of clean technologies
Investments in clean technologies are riding a green wave into India. In 2007, Green India Inc raised US$ 1.4 billion through convertible bonds from the international market. [More]
Alternative fuel: GM, Daimler & M&M plan Jatropha ride
Driven by soaring crude prices, auto giants General Motors, Daimler Chrysler and M&M, are getting biodiesel extracted from Jatropha tested as alternate fuel on their futuristic engines. [More]
Gujarat farmers benefit from Fairtrade cotton practice
The Agrocel Pure and FairCotton Farmers' Association in Gujarat, with help from Shell Foundation and Marks & Spencer, has emerged as an "ethical agent", supplying organic and Fairtrade cotton to many major retailers. [More]
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